Believe me, I would. As matters stand you are utterly useless.

It took Malta all these years to extricate itself from that awful image.

Six months down the line, with a ‘fresh’ Labour government in place, we are going down the same way we went in Mintoff times.

What is it with Labour that they only feel comfortable with dictators and dictatorships?

Ironic, isn’t it, that Simon Busuttil had to pass the motion on to Anglu Farrugia, out of all people.

China is systematically working to undercut, and so destroy, the manufacturing base in the West, thereby putting the Western economy into crisis.

China is the incarnation of the comic-book evil characters who worked out of secret underground quarters to bring about economic collapse, and so then to be able to ‘rule the world’.

In this, China is being actively aided and abetted by Western companies that unashamedly transfer their manufacturing base en bloc to China, there to reap large, but unjust, profits at the expense of Chinese employees who are denied even the most basic of human and workers’ rights, and to the detriment of workers and of the economy in the manufacturers’ home countries.

Quite a strategic move for Enemalta and Malta, that.

As for Enemalta, it is not correct for the government to say that Enemalta is bankrupt because of its debt.

Enemalta has assets to show for its debt.

And it has a favourable equity position. In fact Joseph MOUscat and CONrad Mizzi have said that China has offered up to Euro 200 million for about 35% (here I am quoting Edward ‘Hypothetical Figures’ Zammit Lewis) of that equity.

If China is offering so much money for one-third of the equity of a company which according to Joseph MOUscat is bankrupt, then why should we believe that China will save Enemalta? Who in his right senses would offer that much money to acquire a share in a bankrupt business?

The truth is that Enemalta’s assets are financed mainly by debt and not by its share capital. Joseph MOUscat had other restructuring alternatives to inject cash into Enemalta. He could have increased Enemalta’s capital base (with a strategic partner), thus reducing its debt/equity ratios.

Although MOUscat is proposing that Enemalta will not acquire a new power station, he will still be committing Enemalta to a 20-25 year power purchase contract, which effectively commits Enemalta to major cash outlays for 20 to 25 years. This is a hidden financial commitment in the sense that it will not feature in the financial position of Enemalta, but it is nevertheless a commitment to be honoured over the 20-25 years and failure to honour this commitment will drive Enemalta out of business.

When your competition buys off the under-priced product, the supplier goes bankrupt through subsidising his own product.

China has filled Europe to the brim with subsidised panels.

Thank you very much, China.

We could be facing the death of PV panels, due to suicide by undercutting and dumping.

The consumer wins once, the suppliers lose for good by going bankrupt.

[Daphne – You wouldn’t want me to, though, would you, Kevin. Thank you for the link. I enjoyed reading that report.]

History shows that no dictatorship can ever have a sustainable strong economy.

Did you see their attempts at real estate?

Possibly becasue they are made by people in slave-like work conditions with no worker’s rights.